Arctic Bulls Forced to Cool Their Heels Even as Arctic Warms

As an article in this week’s Economist argues, fervent hopes for developing the Arctic’s energy and minerals, and for using an Arctic sea route to ship goods between Asia and Europe more quickly, have faded.

Blame plunging petroleum prices that have made exploring for Arctic oil uneconomic — but not just that.

Despite global warming, which has caused the Arctic to warm faster than any other region, it is still an inho